Gordian Capital Singapore Pte Ltd Invests $403,000 in CECO Environmental Corp. (NASDAQ:CECO)

Gordian Capital Singapore Pte Ltd acquired a new position in CECO Environmental Corp. (NASDAQ:CECO) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 13,983 shares of the company’s stock, valued at approximately $403,000.

A number of other institutional investors have also recently bought and sold shares of the business. Algert Global LLC boosted its stake in CECO Environmental by 4.9% during the second quarter. Algert Global LLC now owns 121,610 shares of the company’s stock worth $3,508,000 after buying an additional 5,672 shares in the last quarter. Driehaus Capital Management LLC boosted its stake in CECO Environmental by 37.4% during the second quarter. Driehaus Capital Management LLC now owns 586,249 shares of the company’s stock worth $16,913,000 after buying an additional 159,485 shares in the last quarter. AQR Capital Management LLC boosted its stake in CECO Environmental by 95.6% during the second quarter. AQR Capital Management LLC now owns 124,672 shares of the company’s stock worth $3,597,000 after buying an additional 60,925 shares in the last quarter. Hood River Capital Management LLC acquired a new stake in CECO Environmental during the second quarter worth $15,495,000. Finally, Thrivent Financial for Lutherans acquired a new stake in CECO Environmental during the second quarter worth $11,857,000. Institutional investors and hedge funds own 68.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Needham & Company LLC lifted their price target on CECO Environmental from $34.00 to $35.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Craig Hallum boosted their price objective on CECO Environmental from $28.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. HC Wainwright upped their price target on CECO Environmental from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Roth Mkm boosted their price objective on CECO Environmental from $26.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, Northland Securities boosted their price objective on CECO Environmental from $28.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, CECO Environmental currently has an average rating of “Buy” and an average target price of $34.80.

CECO Environmental Trading Down 1.8 %

Shares of CECO Environmental stock opened at $27.69 on Wednesday. CECO Environmental Corp. has a 1 year low of $15.27 and a 1 year high of $31.55. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.36 and a quick ratio of 1.17. The company has a market capitalization of $967.38 million, a price-to-earnings ratio of 79.11, a P/E/G ratio of 1.99 and a beta of 1.33. The business has a fifty day simple moving average of $27.88 and a two-hundred day simple moving average of $25.97.

CECO Environmental (NASDAQ:CECO) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. CECO Environmental had a return on equity of 12.35% and a net margin of 2.33%. The company had revenue of $137.50 million for the quarter, compared to analysts’ expectations of $143.33 million. During the same quarter last year, the business earned $0.15 earnings per share. CECO Environmental’s revenue was up 6.4% on a year-over-year basis. Research analysts forecast that CECO Environmental Corp. will post 0.93 EPS for the current year.

Insider Buying and Selling at CECO Environmental

In other CECO Environmental news, Director Richard F. Wallman bought 10,000 shares of the firm’s stock in a transaction on Friday, August 30th. The shares were purchased at an average price of $28.77 per share, for a total transaction of $287,700.00. Following the completion of the transaction, the director now directly owns 62,000 shares in the company, valued at approximately $1,783,740. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 16.90% of the company’s stock.

CECO Environmental Profile

CECO Environmental Corp. provides critical solutions in industrial air quality, industrial water treatment, and energy transition solutions worldwide. It operates in two segments: Engineered Systems and Industrial Process Solutions. The company engineers, designs, manufactures, and installs non-metallic expansion joints and flow control products, including rubber expansion joints, ducting expansion joints, and industrial pinch and duck bill valves; membrane-based industrial water and wastewater treatment systems; and provides dust and fume extraction solutions comprising consultation, design, manufacturing, installation, and service, as well as water and wastewater treatment solutions.